I see a lot of confusion about this relatively simple topic, so let's clear it up.1. Estimated payments in general. If you're strictly on W2 salary, your IRS taxes are taken out of your paychecks. Often they are takin...
I have a promising deal in the pipeline through private sale but the seller requires the funds in no more than 2 years. Does anyone have recommendations on paying the seller through a bank mortgage or home equity loan...
The IRS announced on today that they're postponing the deadline for all individual tax returns. Returns that were due April 15 are now due May 17. The IRS says it will issue formal guidance in the near future.
The ...
Looks as though the IRS is providing relief to individual and business taxpayers in Texas by extending the federal tax deadline to June 15. I'd be shocked if the deadline for all taxpayers doesn't receive the same ex...
I completed my 12 hours CE before April 30. I went to renew my license through the IDFPR site and it showed me a "There are no licenses available to renew" message where the renewal is supposed to be. I was in the mid...
This is my first time expanding my portfolio - doing a 1031 exchange. Was focusing on Huntsville and Birmingham area- (I have a few properties already identified and on hold - paperwork not submitted yet). Truth be to...
Spousal solo 401k salary deferral deposit deadlines - different than profit share deadline?I am the sole proprietor and my wife is my employee. As the sole proprietor I understand my deadlines for making my contribut...
I keep hearing an ad on another podcast regarding new language needed in an LLC operating agreement by 12/31/17 to stay IRS compliant. Does anyone know anything about this? Sounds like a bunch of marketing BS, but w...
You, my friend, are a candidate for an Income Tax Filling Extension.Go to IRS.gov and search for "EXTENSION"Select the form that best matches your filing situation. WARNING!!! This is an extension to file your tax ret...
So my attorney tells me that he won't file for foreclosure because the Sept CDC order (Temporary Halt in Residential Evictions To Prevent the Further Spread of COVID-19) does not provide a deadline or time limit for ...